20SMEC taken to be registered under Companies Act

#### 20 SMEC taken to be registered under Companies Act (1) The National Companies and Securities Commission shall be taken: (a) to have been required to grant the application mentioned in paragraph 18C(1)(a) of this Act and to register SMEC as a company under subsection 86(2) of the Companies Act 1981; (b) to have granted the application at the commencement of this Part; (c) to have so registered SMEC, at the commencement of this Part: (i) by the name “Snowy Mountains Engineering Corporation Limited”; and (ii) in accordance with subsections 86(3) and (4) of the Companies Act 1981, as a public company, and as a company limited by shares, within the meaning of that Act; and (d) to have registered the name “Snowy Mountains Engineering Corporation Limited” in relation to SMEC at the commencement of this Part, under subsection 55(4) of the Companies Act 1981. (2) The date of commencement of SMEC’s registration as a company under Division 4 of Part III of the Companies Act 1981 shall be taken to be the day of commencement of this Part. (3) For the purposes of Division 4 of Part III of the Companies Act 1981, SMEC shall be taken to have been on the day before the commencement of this Part, and to be at that commencement, a corporation within the meaning of that Act.